Posted on 07/25/2019 3:34:55 PM PDT by cba123
Billionaire hedge fund manager Kyle Bass is doubtful a trade deal between the U.S. and China could be reached and believes the Federal Reserve’s rate cuts are less effective these days.
"Every deal that the Chinese have signed up with us since their inception into the WTO since 2001, China never lives up to their promises,” the founder and chief investment officer of Hayman Capital Management said on CNBC’s Closing Bell on Thursday.
(Please see link for full article)
(Excerpt) Read more at cnbc.com ...
Sign me up..!
Some jobs are coming back to the U.S.
More may eventually.
PDJT knows this. What we have now, with a positive cash flow from tariffs is the new standard. Behind the scenes will also be more caving in by China without the world seeing China lose face. PDJT loves this stuff...it is a game to him, albeit high stakes, but he is great at it . This is why he looks younger.
PDJT operates in a “managed, won-over-you” mode, and the MSM don’t get it, and some of us are figuring it out...there isn’t some finished status with these world relationships...like NorKo...it’s done...China is managed, CIA appears so, too, where NorKo is concerned. China trade, same thing. PDJT defeated them without firing a shot...from here to the finish line are far-reaching and more remaining baby steps. But, know that they are defeated.
China, Iran and North Korea are not stupid, they read the news, in their mind, why make a deal now, it’s possible that Trump loses and a liberal democrat takes over and reverses everything...China gets what they want, Iran gets what they want and North Korea as well.....
CNBC? No Thanks.
Saw a TV the other day at Costco that purported to be “Assembled in the USA.” It was a relatively crappy TV, but, hey, it’s a start. First consumer electronics item I’ve seen in years that wasn’t made in China or similar.
2 seconds apart: longshot
4 1/2 minutes apart: looks like a correction Nazi
just a guess
Problem is exports keep dropping faster than imports so the deficit keeps rising.
Wow you are SHARP!
I HATE people that are that sharp :)
I always thought I was a pretty astute guy but some on this board are making me doubt that :)
Hedge Fund Managers seem to me to often be anti-American.
Yes I can agree with you. It is time to up the tariffs. During the Cold war with the USSR, we didn’t trade with the enemy. China is no less an enemy.
Actually you are right.
Had not thought of that, in truth, but I think you are right.
No one knows how many companies will eventually move back to the US, but I'd much rather split up our trade with China among "friendlier" countries--instead of enriching an enemy.
I mean, I don’t disagree but that isn’t going to help the rust belt. More needs to be done to make sure that manufacturing returns to the United States.
It only happens when the issue is so transparently obvious! Besides many of us Freepers think alike!
I have been saying for a long time that it is impossible to make a deal with China which can benefit both countries! China is not going to agree to balanced trade. It will result in massive unemployment in China.
And US can’t survive with hundreds of Billions trade deficits year after year. That is the main reason middle class is under stress with loss of millions of manufacturing jobs.
That can’t go on forever. We don’t have that many exports.
That’s why the tariff needs to be across the board and not just targeting China.
I”m pretty sure Trump understands this, but I don’t think Washington has the stomach for across the board tariffs yet. Nobody in Washington was talking trade policy prior to Trump.
Still makes China feel the pain though.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.